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Premium Plast Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Premium Plast Ltd IPO

Registered Office: Gala #.3 Shiv Shankar Indl Est,#.1 Virar City (M Corp) Valiv , Thane - 401208 , Maharashtra , India.
Phone : +91 025 0660 1160   Fax:
Email :  info@premiumplast.in  
Website :  www.premiumplast.in
Initial public offer of upto 53,46,000 equity shares of face value of (Rs)10/- each ("Equity Shares") of the company at an issue price of (Rs)49 per equity share (including a share premium of (Rs)39 per equity share) for cash, aggregating up to (Rs)26.20 crores ("Public Issue") out of which 2,70,000 equity shares of face value of (Rs)10/- each, at an issue price of (Rs)49 per equity share for cash, aggregating (Rs)1.32 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 50,76,000 equity shares of face value of (Rs)10/ - each, at an issue price of (Rs)49 per equity share for cash, aggregating up to (Rs)24.88 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.99 % and 26.58 % respectively of the post-issue paid-up equity share capital of the company.

Issue Money Payable On
Opens On Closes On Application Allotment
21-Oct-24 23-Oct-24 (Rs)49.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 23.10
Khandwala Securities Ltd
Project Financed through Current Offer 26.20  
Post Issue Equity Share Capital 19.10  
Issue Price (Rs)49.00  
 
Projects
Expansion of existing mfg facility , purchase of machineriesPrepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
Funding of capital expenditure requirements of the company towards set up of Rooftop on Grid Solar Power Plant at its existing Mfg facilityGeneral corporate purposes
Promoted By
Chetan Nagendra Dave  
Lopa Chetan Dave  
Alpa Bhagirath Desai  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd